Vision of wanting to turn Jurong Island into a symbol of national enterprise

• Jurong Island stands as a symbol of our national enterprise. It demonstrates the vision and the will to succeed against all odds which have enabled us to create the world's third largest petrochemical facility out of coral reefs and a scattering of small islands.
• Jurong Island –poised to be a regional hub for chemical storage and production
  Building Jurong Rock Cavern, an underground storage facility in Jurong Island. Plans to excavate the rock, make caverns for storage for oil and petrochemical, and boost Singapore’s position as an oil and petrochemical production and trading hub.
• New investment results from 2005 showed a 19 percent increase in the number of companies on Jurong Island, which presently numbers around 80. Significant projects in oil logistics and biofuels manufacturing have helped fuel the petrochemicals industry. Peter Cremer and Wilmar / Archer Daniels Midland respectively opened Singapore's first two palm oil-derived biodiesel manufacturing plants.
• The nation’s petrochemical industry has experienced rapid growth as a direct result of Singapore’s strong base in petroleum refining. Jurong Island is the center of Singapore’s expanding petrochemicals industry and the island also houses a number of oil storage terminals